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Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the previous post)
Index stays Flat in a range - last week saw the Bulls dominate.
Tenkan Sen (blue) climbs up to support the index.
Chikou Span (white), pips up (see extreme left).
Wrap:
Chikou Span up, Index is Flat. Range break expectations high.
Looking Forward into this Week:
Bulls want to stay above the Tenkan Sen and make Higher Highs (Center).
Bears want to see the Chikou Span, point towards the Kumo.
The index stays flat / range-bound - range break imminent.
Wrap:
Bulls want more green, with life near old Highs and a continuation of current trend.
Bears want to see the Chikou Span head down towards the Kumo and the Index get below the marked supports.
